Francisco

Francisco J. P. has only an elementary school education. He is father to two children who he supports and helps in their education together with his partner. They have few means of support. His partner sells empanadas in an intinerant manner which earns a little income to support the family. He has been working as a motorcycle taxi driver in Ivirgarzama for more than 3 years. He is a member of the “2 de Agosto” motorcycle taxi drivers' union. He has been an active member for more than 3 years. The service which he provides is profitable owing to the high number of people who request this service for its ease, speed and efficiency. The union has stops and shifts for each affiliate in different parts of the town of Ivirgarzama where people turn up to request this service.

This is the first time that Francisco has had a loan from our organization. It will be used to buy a new motorcycle as his current one has already reached the end of its life cycle. This way he will be able to provide a better service to his customers which will allow him to improve his income and also his standard of living.

It must be pointed out that Francisco J. P. appeared in person to request his loan after his work mates told him of the good credit conditions with which our organization works.

Additional Information

About CIDRE

CIDRE is a Bolivian microfinance institution with a strong social commitment to the community. It works to provide quality financial services to rural and peri-urban borrowers, focusing primarily on agricultural loans for dairy farmers and micro-enterprises. CIDRE targets segments of the population that have not traditionally had access to credit, and invests in much-needed community development projects. It is currently working with coca farmers in the Chapare region to replace coca with less controversial crops. Get more involved by joining the Friends of CIDRE lending team.